Touted Fla. mortgage company laying off 745

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News,Business

BOCA RATON, Fla. (AP) — A mortgage company that has received $2 million in state incentives to create jobs has announced that it will lay off 745 workers in April.

The Palm Beach Post reports Wednesday (http://bit.ly/1dHjqgo ) that Digital Risk of Maitland has told state officials that "substantial, abrupt and unforeseen" changes in the mortgage market have hurt its business.

The layoffs affect 30 people in Boca Raton, 251 in Maitland, 148 in Jacksonville, 315 in Lake Mary and one out of state in Denver.

Gov. Rick Scott had touted the company last year as a job-creating machine.

Under the company's contract with the state, it must have 2,075 employees by the end of 2016, up from 1,075 in 2012. The layoffs would drop its current total to about 1,020.

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Information from: The Palm Beach (Fla.) Post, http://www.pbpost.com

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